English to Czech Bus/Financial Insurance úvěrové pojištění

Discretionary Limit
Means the maximum amount of a debt that may be covered for a Buyer under the Policy where we have not issued an Approved Limit and where you have justified that amount in accordance with the criteria set out in the Special Terms.

The amount of the Discretionary Limit must be supported by:
- your credit control procedures (which we have seen and approved and a copy of which must be attached to and form part of this Policy)
- a positive written commercial information agency report...
- your trading experience of credit transactions with the Buyer in the 12 months immediately before the date of each undisputed invoice outstanding at the date goods are Despatched and/or services Provided (“the 12 Months Period”).
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